US says will still need more foreign oil

[Eugene]

US says will still need more foreign oil
Wed Mar 15, 2006 8:48 AM ET

By Melissa Akin

MOSCOW (Reuters) - Top global energy consumer the United States on Wednesday sought to assure
producers that it will need even more of their oil and gas, despite a longer term aim to cut
dependence on imports.

Visiting the world's number two oil exporter for a meeting of Group of Eight energy ministers,
U.S. Energy Secretary Sam Bodman said he will urge Russia to sell more. Energy supply security is set
to be top of the agenda for the Thursday talks.

In January President George W. Bush's caused alarm among exporters when he said the U.S. must break
its dependence on oil and called for an end to reliance on supplies from the Middle East.

Bodman said suppliers could count on a healthy U.S. import market for some time to come, adding
that demand reduction measures, such as use of nuclear power and cellulose-based ethanol, had
a long horizon.

<snip>

Full article: http://today.reuters.com/News/newsArticle.aspx?type=politicsNews&storyID=2006-03-15T134827Z_01_L1574221_RTRUKOC_0_US-ENERGY-USA.xml

The article describes that "long horizon" as 20-50 years.

[hatrack]

1. Well there's a shocker!

:eyes:

[phantom power]

2. Still trying to sooth them after Bush's SOTU speech?